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ICOs Yet to Liquidate All of Their Ethereum, Could Another Drop be Imminent?

There is still a lot of Ethereum tied up in ICO projects and the fear is that a mass liquidation could send the token back below three figures in price or, even worse, to early 2017 levels. ETH Back to The Stone Age? Ethereum is already in a world of pain, falling to an 18...

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Analyst: Too Early to Write Off Bitcoin, SEC Had Negligible Effect on Crypto Markets

As Bitcoin (BTC) fell further on Monday, finding itself under $5,000 in a first for 2018, industry savants quickly took to crypto’s side, in spite of the growing bearish sentiment. Surprisingly, a crypto-friendly partner at Washington, D.C.-based Anderson Kill, a centralized law organization, rushed to Bitcoin’s aid faster than many could utter “HODL.” SEC’s ICO...

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SEC Slaps Paragon, Airfox ICOs With $250,000 Fine

SEC EtherDelta

US regulator the Securities and Exchange Commission (SEC) repeated calls for ICO token issuers to comply with securities laws November 16 as it enforced penalties against Paragon and AirFox. Paragon, Airfox Will Lose Millions In a statement, the SEC appeared to seek a balance between permissiveness and enforcement of “well-established” rules as it confirmed legal action against the two ICO operators, which together raised over $27 million in 2017. “We wish to emphasize […] that

The post SEC Slaps Paragon, Airfox ICOs With $250,000 Fine appeared first on Bitcoinist.com.

Tokens Plummet 15-20% Following SEC’s Crackdown on ICOs, Dark Days Ahead

A broad selling action in the cryptocurrency market today saw ICO coins losing 15 to 20 percent of their value. And the sentiment is likely to extend thanks to the U.S. Securities and Exchange Commission (SEC). The U.S. regulator at the beginning of this month charged the founder of a decentralized exchange (DEX) EtherDelta on...

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SEC Orders Airfox and Paragon to Return Millions to Investors on ICO Registration Violations

The U.S. Securities and Exchange Commission (SEC) has settled charges against two cryptocurrency companies which were accused of violating ICO securities offering registration rules. Both firms, Carrier EQ (Airfox) and Paragon Coin sold digital tokens in ICOs in 2017 after the regulator’s official stance on the ICO. Some crypto fundraisers can be considered securities offerings, according to...

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Report: ICO Funding Stumbles in Q3, Regulation a Primary Factor

A recent report details just how weak initial coin offering (ICO) fundraising is becoming amidst the persisting 2018 crypto bear market, with Q3 being the least successful fundraising quarter for ICOs so far this year. ICO Fundraising Drops Sharply in Q3 The report, which was conducted by independent research firm, ICORating, notes that a total...

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Tokyo Police Crackdown on Alleged Crypto Pyramid Scheme, Arrest Eight Individuals

As global regulators rush to institute legal frameworks aimed at reducing the amount of fraud and scams that exist within the cryptocurrency industry, a recent series of arrests in Tokyo highlight just how important regulations can be. Earlier today, police in Tokyo arrested eight individuals in connection to an alleged cryptocurrency pyramid scheme that collected...

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Ripple Moves XRP Security Lawsuit to Federal Court, Attorneys Call It Brilliant

Ripple Labs is now attempting to move a lawsuit against them regarding the status of XRP as a potential security into a federal court, which is being lauded as a brilliant strategic move by a notable attorney familiar with the situation. The lawsuit against Ripple Labs was first brought about by plaintiffs. They are accusing...

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Decentralized Exchanges Can’t Escape the SEC, Warns Its Cyber Chief

Decentralized Exchanges Can’t Escape the SEC, Warns its Cyber Chief

The U.S Securities and Exchange Commission (SEC) has filed charges in the first-ever case involving a decentralized Ethereum-based exchange. The head of the SEC’s new cyber unit has followed with a warning that decentralized exchanges must be compliant as well, adding that creators will be held responsible. On November 8, 2018, the SEC brought charges against the creator of decentralized exchange EtherDelta which some argue is “just a smart contract,” rather than a conventional cryptocurrency

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EtherDelta SEC Action Could Impact Entire Industry, Experts Warn

EtherDelta

Legal figures engaging with cryptocurrency are warning over continued regulatory uncertainty impacting businesses after US regulators fined EtherDelta almost $400,000 November 8. EtherDelta Could Set Precedent EtherDelta, which operated since 2016 as a smart contract on Ethereum, fell victim to securities obligations under the US’ Securities and Exchange Commission (SEC), leaving owner Zachary Coburn liable for penalties totaling $388,000. This, securities lawyer Jake Chervinsky and Blockchain chief legal officer Marco Santori among others note, comes

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